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Bitkoin Africa Blog

What is An ICO? What You Need to Know About Initial Coin Offerings

One of the biggest trends in cryptocurrency today are Initial Coin Offerings(ICO). It is a method of fundraising where new companies or products sell cryptocurrency tokens in exchange for a cryptocurrency(usually Bitcoin or Ethereum). ICOs are similar in technique to stock market Initial Public Offerings where a company raises funds before it launches on the stock exchange. ICO History The very first ICO was held by Ripple in early 2013. Ripple labs was developing its payment system and created around…

How to Decide on The Best Bitcoin Exchange in Nigeria

Deciding on the best Bitcoin exchange in Nigeria to buy or sell Bitcoin can be a daunting task. Before we launched Bitkoin Africa, we were troubled with the difficulty in trading Bitcoins in Nigeria and decided to do something about it. We took a hard look at all the Bitcoin exchange platforms available to Nigerians and improved upon them. These are the features we looked out for while trading Bitcoin. We think you should look out for them before you…

Earn Bitcoin By Referring Your Friends to Bitkoin Africa

A few weeks ago, we noticed that people were visiting our platform based on referrals from other users. We thought about how we could empower these people to easily refer their friends and simultaneously thank them for doing so. After brainstorming for a few days, we came up with a referral system for Bitkoin Africa members. Starting today, all Bitkoin Africa members have the opportunity to earn Bitcoin off the sign-ups and trades from people they refer. Each account now…

We’re Awarding Zero-commission Postings to All Bitkoin Africa Members

Ahead of Black Friday, we decided to award two zero-commission postings to all members of our platform. This means when you create a posting and someone buys or sells through that post, you won’t be charged any trade fees. This offer is valid on two trade postings only and you can use them anytime you want. We have also added the ability to edit trade postings for every user. You can edit your trade postings whether active or inactive or…

These 5 Universities Accept Bitcoin for Tuition

A lot of organizations have begun to accept Bitcoin for payments. Bitcoin has even been adopted and has gone quite mainstream in countries like Venezuela and Zimbabwe where the economy is collapsing. We’re now seeing universities accept Bitcoin as a means of payment for tuition. 1. Lucerne University of Applied Sciences and Arts, Switzerland The Swiss university has announced its acceptance of bitcoin payments this week via payment processing company Bitcoin Suisse AG. The company uses a portal like that…

Bitcoin Crosses $8,400!

Bitcoin has just surged past $8,400 a piece or roughly N3,032,400 which is great news for everyone who has been buying and selling Bitcoin on our platform. The cryptocurrency continues to gain new demand and adoption by traders as more and more of the financial community and every day users discover the returns they can make. And for our traders and users, it’s time to create those trade postings and take advantage of the climb to $10,000 by Christmas! And…

Why You Should Trust Bitkoin Africa

Bitkoin Africa is the newest kid on the cryptocurrency block in Nigeria. Here are the reasons you should trust us with your Bitcoin and Naira. 1. Stellar Team Bitkoin Africa is founded by a team of experienced Software Developers and businessmen. Our Co-founders are Timi Ajiboye, Ire Aderinokun and Eke Urum. Timi Ajiboye is the Chief Technical Officer and has worked with US company Gigster and Zikoko. Ire Aderinokun is also a member of the team. Ire is a front-end…

Boost Your Investment Performance through Smart Trading in Bitcoin

Cryptocurrencies are the biggest craze in financial markets right now, for good reason. It’s almost impossible to be in finance in 2017 and not to have heard about the blockchain and the digital tokens it enables, the main ones among them being Ethereum and Bitcoin. I won’t go into the intricacies of what Bitcoin is because I assume most of you readers are aware of it, and if you aren’t Google will do a much better job than I can….

What is Bitcoin Mining and How Can You Mine Bitcoin?

One of the most popular questions we get from new cryptocurrency enthusiasts is “How can I mine Bitcoin?”. We decided to help those who are interested with a getting started guide. Please note that Mining bitcoin is a very complex process and there are no guarantees. What is Bitcoin Mining? To understand Bitcoin mining we first how to understand how Bitcoin works. Bitcoin is a cryptocurrency that works on a decentralised network called a blockchain. A blockchain is essentially blocks…

What is A Blockchain? – A Beginner’s Guide

In this article, we will explain what a blockchain is, how it works and offer some background as well as history about it. What is A Blockchain? A Blockchain is a growing list of records. Each of these records is called a block and these blocks are secured using cryptography. In a blockchain, a block is linked to a previous block – this is what makes it a ‘chain’. Each block contains a hash pointer(think of this as an address)…